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Search Results 0 to 7 of about 8 (some duplicates have been removed)
MSNBC
Dec 31, 2012 6:00pm PST
bridge this divide, with considerable outside pressure knowing that fiscal cliff is supposed to take effect at midnight. again, it still must be voted on. a deal does not make law. it's just a first step. but it's a very meaningful breakthrough. >> kelly o'donnell, thank you so much. kristen welker is at the white house. she joins us live now. kristen, what is the word coming from the white house right now with the vice president on his way over to capitol hill to speak there in just a few minutes now? >> well, the white house not yet commenting on this deal that is coming to fruition. but they have confirmed that the vice president is heading over to the hill. and they have been saying all night that he is prepared to go over to the hill once negotiations reach this stage. so he is essentially going there to put the final stamp on this deal that kelly is reporting about, to sell it to the members of the caucus. as you mentioned, milissa, at the top of the broadcast, there has been some dissent among l.a. labor leaders. richard trumka tweeting that democrats should hold off on approving this deal. he says it's not good enough in part because the ta
MSNBC
Dec 28, 2012 6:00pm PST
learned something huge today. we are going over the fiscal cliff. we are going either all the way over or going partly over, but we are definitely, definitely going over. that whole fiscal cliff thing, where congress and the white house can't reach a deal on taxes and spending before the end of the year and they maybe get us into a recession, it's definitely happening. that was the whole point of president obama's press conference this afternoon. >> i still want to get this done. it's the right thing to do for our families, for our businesses, and for our entire economy. but the hour for immediate action is here. it is now. >> allow me a quick update here. that press conference, it came after president obama met with john boehner and nancy pelosi and harry reid and mitch mcconnell, so all the key congressional leaders. and listen to the president here. >> the american people are watching what we do here. obviously, their patience is already thin. this is deja vu all over again. america wonders why it is that in this town for some reason, you can't get stuff done in an organized timetable. why everything always has to wait until the last minute. well, we're now at the last minute. and the american people are not going to have any patience
MSNBC
Dec 26, 2012 6:00pm PST
control over how much paint is spilt by whom and when. the fiscal cliff could hurt a little or a lot. at least in the short run. that is up to the government and the choices the government makes for the first weeks or month or two at least. for instance, the irs, the internal revenue service can decide what to do about how they treat the tax increase. the agency could delay increasing the amount it withholds from your paycheck each week assuming congress would reach a deal. that way you wouldn't notice the tax increase before it turned around. if it didn't get reversed, you're going to get quite a bill from the taxman. also if we go over the cliff, and the spending cuts begin to take hold, the various agencies of the federal government can consider putting employees on furlough. meaning they take unpaid days off. that's considered a better alternative than layoffs, if we don't get a deal quickly, the furloughs will have to become layoffs, that will mean real pain. >>> the great question is how quickly that pain will begin. would it hurt the real economy before we get a deal? or would
Search Results 0 to 7 of about 8 (some duplicates have been removed)